Panoramix Secures Follow-on Funding from MEIF II via Maven
Deal News | Dec 12, 2024 | Maven Capital Partners
Maven Capital Partners has provided additional debt financing to Panoramix, an intellectual property law firm, through the Midlands Engine Investment Fund II (MEIF II). Initially supported by the first MEIF in 2022, Panoramix has established a significant presence in the East Midlands, enhancing its client base nationally and internationally. Founded by Kevin Hanson in 2019, the firm eschews the traditional billable hours model for fixed fees based on task complexity, making it more accessible for various clients, including start-ups and multinational corporations. With MEIF II, Panoramix aims to expand its team, focusing on its marketing strategy to capture the growing demand in the US market. Maven's continued backing highlights Panoramix's growth potential, characterized by innovative service delivery in the IP sector.
Sectors
- Legal Services
- Private Equity & Venture Capital
- Financial Services
Geography
- United Kingdom – Panoramix is based in the UK and operates within the East Midlands. Maven Capital Partners is also involved in UK financing.
- United States – Panoramix is looking to expand its client base into the US market, where it already has direct practice rights with the U.S. Patent and Trademark Office.
Industry
- Legal Services – Panoramix is a law firm offering intellectual property services, making the Legal Services industry a relevant classification.
- Private Equity & Venture Capital – Maven Capital Partners, a private equity firm, is the provider of the funds to Panoramix.
- Financial Services – The article discusses debt financing and fund management, which falls under Financial Services.
Financials
- Six figures – Follow-on debt funding package provided by MEIF II via Maven to Panoramix.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Panoramix | Target Company | Company | An IP law firm providing legal services to UK and overseas businesses, founded by Kevin Hanson. |
| Maven Capital Partners | Fund Manager | Company | A private equity firm managing the Midlands Engine Investment Fund II, providing debt financing to businesses. |
| Midlands Engine Investment Fund II | Funding Source | Company | Provides debt finance to businesses in the East and South East Midlands, managed by Maven. |
| Kevin Hanson | Founder | Person | Founder of Panoramix, an IP law specialist leading the firm's strategic operations. |
| Richard Altoft | Investment Director | Person | Investment Director at Maven, overseeing the financing provided to Panoramix. |
| David Tindall | Senior Investment Manager | Person | Senior Investment Manager at British Business Bank, involved in the MEIF initiatives. |